Healthcare of Ontario Pension Plan Trust Fund Acquires 310,907 Shares of Dell Technologies Inc. (NYSE:DELL)

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 297.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 415,300 shares of the technology company’s stock after acquiring an additional 310,907 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Dell Technologies were worth $49,230,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies during the 2nd quarter valued at about $28,000. Clean Yield Group bought a new position in shares of Dell Technologies during the 3rd quarter valued at about $25,000. Nemes Rush Group LLC bought a new position in shares of Dell Technologies during the 2nd quarter valued at about $33,000. Crewe Advisors LLC bought a new position in shares of Dell Technologies during the 2nd quarter valued at about $34,000. Finally, New Covenant Trust Company N.A. bought a new position in shares of Dell Technologies during the 1st quarter valued at about $30,000. 38.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DELL shares. Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Citigroup dropped their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday. JPMorgan Chase & Co. increased their target price on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Raymond James dropped their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, TD Cowen dropped their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $148.18.

Insider Activity at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,962,112 shares of company stock valued at $2,114,595,059 in the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Down 12.2 %

DELL stock opened at $124.38 on Thursday. Dell Technologies Inc. has a twelve month low of $67.51 and a twelve month high of $179.70. The firm has a market cap of $87.36 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.51 and a beta of 0.89. The business has a 50 day moving average of $127.08 and a 200 day moving average of $126.95.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter last year, the company earned $1.62 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).